The Euro fell below the support of 1.0785-95 today, and as stated previously, below this level, more of a drop toward 1.0700 will be expected.
As we can see from the chart, the market is facing resistance around 1.0800-10, where if prices hold below this zone, a drop toward the 1.0600-50 zone is likely.
The support of 1.0600-50 could push for another rebound correction.
Below 1.0600, more of a drop toward 1.0500 could hit the market.
Above 1.0810, more advance could happen with resistance around 1.0915.
SUPPORT | RESISTANCE | |
LEVEL1 | 1.0650 | 1.0800-10 |
LEVEL2 | 1.0600 | 1.0915 |
LEVEL3 | 1.0500 | 1.0980 |
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